JR Kitakami Line Land market overview

The average price of a sq.m Land of JR Kitakami Line (Kitakami to Hottoyuda), in Jul, 2015 to Sep, 2015 was 20,838 JPY/sq.m. The market value represents a decrease of 278 JPY (-1.3%) compared to 1 year ago and a transition to a slight market. 9 properties exchanged hands ( The market value represents a decrease of 1 (-10.0%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 398.3 sq.m (a +46.4% increase compared to the 272.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Kitakami station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Kitakami station, where prices have decreased -14.3% compared to last year; a sq.m unit now costs 22,037 JPY/sq.m.

The top 1 stations has seen prices increase -14.3% (-3,690 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -14.3% (-3,690 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 28.4 min in 2014 and 21.9 min in 2015; -22.9%)

Breakdown of each segment

The table below shows Land dealt in JR Kitakami Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

Top

Land stations market overview

The average price of a sq.m Land of Kitakami, the highest market value along this railway was 22,037 JPY/sq.m. The market value represents a decrease of 3,690 JPY (-14.3%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Kitakami, the lowest market value along this railway was 22,037 JPY/sq.m. The market value represents a decrease of 3,690 JPY (-14.3%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands (It was the same as last year.).

JR Kitakami Line (Stations Land market overview)
JR Kitakami LineThis year(2015)1 year ago2 years ago
Kitakami22,037 JPY (0.0Y/428.1sq.m)25,727 JPY (0.0Y/263.8sq.m)32,105 JPY (0.0Y/333.5sq.m)
Yanagihara---
Eduriko--13,488 JPY (0.0Y/744.2sq.m)
Fujine11,250 JPY (0.0Y/160.0sq.m)-12,282 JPY (0.0Y/676.2sq.m)
Tatekawame-1,923 JPY (0.0Y/260.0sq.m)-
Yokokawame---
Hottoyuda-3,428 JPY (0.0Y/350.0sq.m)2,727 JPY (0.0Y/1100.0sq.m)
*Average unit prices per sq.m of Land at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.
Top

Noteworthy stations

Kitakami22,037 JPY/sq.m (-14% compared with the previous year)

The average price of a sq.m Land of Kitakami was 22,037 JPY/sq.m. The market value represents a decrease of 3,690 JPY (-14.3%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 428.1 sq.m (a +62.3% increase compared to the 263.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 31.9 min in 2014 and 24.5 min in 2015; -23.1%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)